G1 Therapeutics Announces Pricing of Offering of Common Stock

On November 18, 2022 G1 Therapeutics, Inc. (Nasdaq: GTHX), a commercial-stage oncology company, reported the pricing of an underwritten public offering of 7,700,000 shares of its common stock at a public offering price of $6.50 per share, for total gross proceeds of $50,050,000 (Press release, G1 Therapeutics, NOV 18, 2022, View Source [SID1234624200]). All of the shares in the offering will be sold by G1 Therapeutics. In addition, G1 Therapeutics has granted the underwriters a 30-day option to purchase up to an additional 1,155,000 shares of common stock at the public offering price, less the underwriting discount. The offering is expected to close on November 22, 2022, subject to customary closing conditions.

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Cowen and Raymond James are acting as joint book-running managers for the offering. Needham & Company and Wedbush PacGrow are acting as lead managers for the offering.

The shares are being offered pursuant to a "shelf" registration statement previously filed and declared effective by the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the website of the SEC at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained, when available, from Cowen and Company, LLC, Attn: Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, by telephone: (833) 297-2926 or by email: [email protected]; or from Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, or by telephone at (800) 248-8863, or e-mail at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Abandoned Bayer Drug Shows Preclinical Promise for Childhood Brain Tumors

On November 17, 2022 Bayer reported that new research out of McMaster University found a recently abandoned compound halted the growth of an aggressive form of pediatric medulloblastoma in mouse models (Press release, Bayer, NOV 17, 2022, View Source [SID1234624256]).

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Brain tumors have overtaken leukemia as the deadliest childhood cancer. The MYC gene-amplified type of medulloblastoma is the deadliest of the four subgroups, forming highly malignant tumors characterized by therapy resistance and disease recurrence. Even in the cases that are "curable," the cure comes at a steep price for this vulnerable population.

"We often use mortality as our success measure with cancer treatment," William Gwynne, a postdoc at McMaster and first author of the study, told BioSpace.

"Unfortunately, that’s not an accurate measuring stick to how well we’re doing with cancer treatment. Because even though 70% of medulloblastoma patients will be cured with standard of care – chemotherapy and radiation – almost 100% of them will have what we call neurotoxic second delay," he continued. This refers to a series of neurocognitive and developmental deficits.

Gwynne joined Dr. Sheila Singh’s lab for his postdoc training, intrigued by her approach to studying cancer using a comparative developmental biology perspective. Singh is a pediatric neurosurgeon, so this is a need acutely felt in her own patient population.

The Singh Lab team utilized genome-wide CRISPR screening to compare medulloblastoma to neural stem cells.

They identified the genes highly essential for survival of the cancer cells, but non-essential to the stem cells. A collaboration with J. Rafael Montenegro-Burke from the University of Toronto dug into the metabolic profiles of the neural cells versus the medulloblastoma cells. Both the gene research and metabolic research pointed at the same thing, which got the research team "really, really excited."

An Excellent Druggable Target

"It turns out that this enzyme, DHODH, which fuels the production of these pyrimidine molecules, was an excellent druggable target," Gwynne said. "It was being pursued in other cancer types like leukemia. But nobody had pursued this in brain cancer yet."

The team utilized the DHODH inhibitor created by Bayer, BAY2402234, due to its ability to highly penetrate the blood-brain barrier, something other inhibitors like brequinar were unable to do.

The compound had been in a Bayer-sponsored trial for patients with acute myeloid leukemia, but in January the trial was terminated due to "lack of sufficient clinical benefit."

Gwynne pointed to selection of the "right patients" as being the potential key benefit of a DHODH inhibitor. The research zeroed in on a specific set of patients with MYC-driven medulloblastoma because the DHODH pathway is particularly high in those cells. Inhibiting the DHODH in these cells evokes metabolic stress to halt the cycle progression and induce cell death.

An important factor in any new research is reproducibility. Singh and Gwynne’s research was published Nov. 10 in Cancer Cell. In August, two other papers were published in Cancer Cell, one targeting IDH mutant glioma and another studying a near-universally fatal brainstem tumor.

These two papers came to the same conclusion as Singh’s lab. All three teams utilized BAY2402234 to inhibit DHODH for three different kinds of brain cancers, and all signs point to it being a promising approach to stopping brain tumor growth.

Gwynne and Singh are most excited about this potential new treatment approach because of its cancer-targeting effects with minimal impact on healthy cells.

Current, standard treatments like radiation and chemotherapy don’t distinguish between normal and cancer cells. Neurotoxic effects from these therapies leave 40-100% of pediatric brain tumor survivors with cancer-related cognitive impairment.

"It’s just amazing how this is really a cancer-selected metabolic vulnerability," Singh told BioSpace.

Neuro Stem Cells Relatively Untouched

"Only the cancer cells are disabled by this drug. The neuro stem cells are… relatively untouched by the drug at the same dose," she said. This is important because clinical trial subjects are small children with pools of stem cells that are rapidly divided into developing and creating new organs and laying down new pathways in the brain.

"So, it’s absolutely essential that any drug we use doesn’t target those developing cell populations."

In the lab, Gwynne observed how gaunt and sickly the mice treated with chemo and radiation were, as is typical in these studies. In stark contrast, the mice treated with the Bayer compound were "running around the cage happy and healthy." Those mice also outlived the mice receiving traditional treatments.

"This single agent DHODH inhibitor was as effective as current standard of care in this mouse model without the side effects of the mice becoming really, really sick and getting really, really skinny like they normally do," Gwynne said.

Due to the low-toxicity profile, Singh said a Phase I clinical trial is the next logical step. Bayer has yet to contact her, but a lot of interest has surfaced since the paper’s publishing.

"I’ve been contacted by drug developers who are interested and they’re asking me questions like, do you think this could translate to clinical trials?Our papers have reenergized interest around that compound."

Beyond Air® To Participate in Piper’s 34th Annual Healthcare Conference

On November 17, 2022 Beyond Air, Inc. (NASDAQ: XAIR), a medical device and biopharmaceutical company focused on developing inhaled nitric oxide (NO) for the treatment of patients with respiratory conditions, including serious lung infections and pulmonary hypertension, and, through its affiliate Beyond Cancer, Ltd., ultra-high concentration nitric oxide (UNO) for the treatment of solid tumors, reported that Steve Lisi, Chairman and CEO of Beyond Air, will be presenting a corporate overview and participating in 1×1 meetings at the Piper 34th Annual Healthcare Conference being held November 29 – December 1, 2022 in New York, NY (Press release, Beyond Air, NOV 17, 2022, View Source [SID1234624245]).

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If you are interested in requesting a 1×1 meeting at the respective conference, please contact your bank/conference representative. For more details, please see the Events section of Beyond Air’s corporate website.

Biogen to Participate in the 5th Annual Evercore ISI HealthCONx Conference

On November 17, 2022 Biogen Inc. (Nasdaq: BIIB) reported that Michael McDonnell, Chief Financial Officer, and Priya Singhal, M.D., M.P.H., Head of Global Safety and Regulatory Sciences and Interim Head of R&D, will participate in the 5th Annual Evercore ISI HealthCONx Conference (Press release, Biogen, NOV 17, 2022, https://investors.biogen.com/news-releases/news-release-details/biogen-participate-5th-annual-evercore-isi-healthconx-conference [SID1234624244]). The webcast will be live on Thursday, December 1, 2022, at 10:30 a.m. ET. To access the live webcast, please visit the Investors section of Biogen’s website at investors.biogen.com. An archived version of the webcast will be available following the presentation.

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Sermonix Pharmaceuticals Announces Four Abstracts Accepted for Presentation at 2022 San Antonio Breast Cancer Symposium

On November 17, 2022 Sermonix Pharmaceuticals Inc., a privately held biopharmaceutical company developing innovative targeted therapeutics to specifically treat ESR1-mutated metastatic breast and gynecological cancers, reported that it had four abstracts accepted as poster presentations at the 2022 San Antonio Breast Cancer Symposium (SABCS), which will be held Dec. 6-10 at the Henry B. Gonzalez Convention Center in San Antonio (Press release, Sermonix Pharmaceuticals, NOV 17, 2022, View Source [SID1234624243]).

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Two of the posters address the evaluation of circulating tumor DNA (ctDNA) to determine levels of mutant ESR1 in patients who participated in each of Sermonix’s Evaluation of Lasofoxifene in ESR1 Mutations (ELAINE) Phase 2 studies. ELAINE 1 assessed the efficacy and safety of Sermonix’s lead development candidate, oral lasofoxifene, versus the current standard of care, intramuscular fulvestrant, in postmenopausal women with locally advanced or metastatic ER+/HER2- breast cancer (mBC) and an ESR1 mutation. ELAINE 2 evaluated lasofoxifene in combination with the CDK4/6 inhibitor abemaciclib in a heavily pre-treated ESR1 mutation positive patient population.

"We are excited to share details around the impact lasofoxifene, our ESR1 mutation-targeted endocrine therapy, has – alone and in combination – on mutant allele fraction (MAF), and how molecular response relates to clinical outcomes in our two Phase 2 ELAINE studies," said David Portman, M.D., chief executive officer of Sermonix. "We look forward to further exploring the unmet need in ESR1 mutation-positive breast cancer during our upcoming Phase 3 program set to launch in early 2023."

The two other posters address the results of Sermonix’s "ELAINE ESR1 and Quality of Life Survey (EQUALS)," created to help inform practicing oncologists about patients’ understanding of ESR1 mutations and the quality of life of metastatic breast cancer patients. One poster focuses on quality of life, while the other focuses on patient understanding of genomic testing and ESR1 mutations.

Sermonix executives will also be available in the company’s SABCS booth, #307, located on the ground level. Those interested in setting up a meeting should contact Monica Kozlowski at [email protected].

About Lasofoxifene
Lasofoxifene is an investigational targeted endocrine treatment and next-generation nonsteroidal selective estrogen receptor modulator (SERM), which Sermonix licensed globally from Ligand Pharmaceuticals Inc. (NASDAQ: LGND) and has been studied in previous comprehensive Phase 1-3 non-oncology clinical trials in more than 15,000 postmenopausal women worldwide. Lasofoxifene’s bioavailability and activity in mutations of the estrogen receptor could potentially hold promise for patients who have acquired endocrine resistance due to ESR1 mutations, a common finding in the metastatic setting and an area of high unmet medical need. Lasofoxifene’s novel activity in ESR1 mutations was discovered at Duke University and Sermonix has exclusive rights to develop and commercialize the product in this area. Lasofoxifene, a potent, oral SERM could, if approved, play a critical role in the targeted precision medicine treatment of advanced ER+ breast cancer.